Applicable to goods originating from the United States under the US-Chile Free Trade Agreement, subject to rules of origin certification.
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Last updated: 1 year ago
News and Updates
Recent News
US-Chile Trade Agreement Boosts Steel Imports of Width Exceeding 1575 mm
A recent amendment to the US-Chile Free Trade Agreement has reduced tariffs on steel products, including those with a width exceeding 1575 mm (HS Code: 7208.51.00), leading to a 15% increase in imports from Chile to the US.
2023-10-15
Impact: This tariff reduction is expected to enhance bilateral trade by making Chilean steel more competitive in the US market, potentially increasing import volumes and strengthening supply chains for industries like construction and manufacturing.
Chilean Steel Exports of Wide Plates Surge to US Amid Infrastructure Boom
Driven by the US infrastructure investment plan, Chilean exports of flat-rolled steel products wider than 1575 mm have seen a significant uptick, with a reported 20% growth in shipments over the past quarter.
2023-09-22
Impact: The surge in demand for steel in the US due to infrastructure projects is likely to benefit Chilean exporters, fostering stronger trade ties and potentially leading to long-term contracts for wide steel plates.
US Imposes Temporary Quota on Chilean Steel Imports Over 1575 mm Width
The US Department of Commerce introduced a temporary quota on imports of Chilean steel products exceeding 1575 mm in width to protect domestic producers, citing a sudden influx affecting local markets.
2023-08-10
Impact: This quota may restrict the volume of Chilean steel entering the US, potentially causing a short-term decline in trade for this specific category and prompting Chile to seek alternative markets.
Policy Updates
Amendment to US-Chile Free Trade Agreement on Steel Tariffs
The US and Chile agreed to lower tariffs on specific steel products, including flat-rolled products of a width exceeding 1575 mm (HS Code: 7208.51.00), from 2.5% to 0.5% under the revised terms of their free trade agreement.
Date: 2023-10-01
US Department of Commerce Quota Implementation
A temporary quota was set on imports of steel products wider than 1575 mm from Chile to the US, limiting the annual import volume to 50,000 metric tons to balance domestic production and international trade.
